The prices in real estate in Kitchener, in the Ontario region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Kitchener has fallen in the last 6 months. In November, the average price per sq.feet was $577. In December this price pretty much remained the same at a value of $562 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $569.5 to $557.5 per sq.feet. The price per sq.feet has decreased 93 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $563.5 to $525.5 during March, and April.
Based upon to the price in Kitchener (cities), this has gone downing the last 6 months. The average price for November is $787,492. During December the price had a slight fall till $726,872. During the following two months (January, February) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $734,419.75 to $685,845.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $664,743 they are 30 % more affordable than the average price for Kitchener. The properties with the highest average price have 4 bedrooms, Their price is 75 % more costly than the average. After that we have properties with 3 bedrooms priced at $747,167.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $517 / sq.feet, with an average $543 / sq.feet price in Kitchener. The properties with the highest average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $544 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $664,743 it is 32 % cheaper than the average price in Kitchener. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $955,161 it is 1373 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $496 / sq.feet followed by "Condo" priced at $590 / sq.feet. "Townhouse" is the most costly type of property with a $8,465,225 / sq.feet cost followed by "Office" with an average price of $74,072 / sq.feet.